Trump confident war against Iran will end 'quickly'

The US has paused its mission to escort ships through the Strait of Hormuz after President Donald Trump said talks with Iran are showing progress. Trump warned of renewed bombing if no deal is reached, but investor optimism pushed oil prices down and markets up. Iran is reviewing a reduced US proposal that would first end the war while shelving major disputes, including over its nuclear program. Israel says it is coordinating closely with Washington as regional tensions continue.